Tether’s Investment in Peso
Tether has made a significant pre-seed investment in Peso, a fintech company based in Bolivia focused on integrating USDT payments into local merchant and banking frameworks. This funding aims to propel Peso’s growth across four key Latin American countries: Bolivia, Brazil, Colombia, and Argentina.
As announced on Wednesday, Tether’s financial support will enhance Peso’s capabilities in facilitating stablecoin transactions, connecting USDT with local currencies, and improving payment infrastructure for merchants and consumers alike.
Current Offerings and Collaborations
Peso’s current offerings include the incorporation of USDT payments within Yango’s food delivery service in Bolivia, which permits customers to settle their orders using the stablecoin. Additionally, the fintech provides various services, including QR code payments, point-of-sale solutions for merchants, and virtual bank accounts linked to local banking via ACH transfers.
Though Tether did not reveal the exact amount of its investment, the move is indicative of a growing trend among fintech companies in Bolivia exploring USDT-powered financial solutions. For instance, just a day prior, the lending platform Tala announced a collaboration with the digital wallet firm El Dorado, enabling users to apply for loans directly using USDT on the Tempo blockchain.
The Rise of Stablecoins in Bolivia
The surge in interest for stablecoins in Bolivia can be traced back to 2025, when the nation experienced a severe shortage of US dollars coupled with soaring inflation rates. As access to foreign currencies became increasingly challenging, many businesses began accepting USDT as a viable payment alternative.
In response, the Bolivian government unveiled plans in November 2025 to incorporate cryptocurrencies and stablecoins into the traditional financial ecosystem, which included provisions for banks to offer custody services for digital assets and related financial products.
By July 2026, the government was in the process of drafting regulations that would officially acknowledge USDT for various transactions, alongside the national boliviano and the US dollar. This initiative emerged as a result of the ongoing dollar scarcity following Bolivia’s decision to abandon its long-held currency peg in June 2025, driving demand for dollar-linked options such as USDT as reported by Cointelegraph.
